Mapletree Commercial Trust raises $184 million for acquisition

The well-flagged deal triggers a slight gain in the unit price in the aftermarket. Meanwhile, the chairman of Haitian sells $100 million worth of shares in the maker of plastic moulding machines.

Mapletree Commercial Trust raises $184 million for acquisition

Mapletree Commercial Trust MCT, a Singapore-listed real estate investment trust Reit focusing on a combination of retail and office properties, has raised S$225 million $184 million from a follow-on share issue to fund its earlier announced acquisition of a 19-storey office building named Mapletree Anson.

This is MCT’s first acquisition since it went public in April 2011 and will bring the total number of assets in its portfolio to four. The placement was...

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